BP in line to receive funding to support the development of a large-scale carbon storage hub
US government backs BP’s Whiting storage project
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
Oil major BP is in line to receive funding of $98m from the US government to support the development of a large-scale carbon storage hub around its Whiting refinery in Lake County, Indiana. Whiting is the largest refinery in the US Midwest and BP’s largest anywhere in the world, with a daily throughput of c.440,000bl of crude. The funding, which is subject to negotiation with the Department of Energy (DOE), forms part of a new support package totalling more than $444m, aimed at accelerating the development of the US carbon management sector. BP’s project, called Crossroads, is focused on the appraisal of potential storage facilities to decarbonise northern Indiana, northeastern Illinois, and
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
